being Company is currentlig 2.200 vendbang than a moth price of 50 perch The cost of each charold Indudes $40 to purchase bean bag darowers and sales.com Flunder 10.000 per month The coming more and want to know howethanga walipating income Requirement Propen he company rent contribution margin ooreet the parente) Informal Seating Company Contribution Margin income statement Code Day Requirements 1. Prepare the company's current contribution margin income statement. 2. Calculate the change in operating income that would result from implementing each of the following independent strategy alternatives. Compare each alternative to the current operating income as you calculated in Requirement 1. Consider each alternative separately. a. Alternative 1: The company believes volume will increase by 18% if salespeople are paid a commission of 5% of the sales price rather than the current $5 per unit b. Alternative 2: The company believes that spending an additional $8,000 on advertising would increase sales volume by 6%. c. Alternative 3: The company is considering raising the selling price to $84, but believes volume would drop by 10% as a result. d. Alternative 4: The company would like to source the product from domestic suppliers who charge $10 more for each unit. Management believes that the "Made in the USA" label would increase sales volume by 18% and would allow the company to increase the sales price by $12 per unit. In addition, the company would have to spend an additional $1,500 in marketing costs to get the word out to potential customers of this change